RENEC Coin Launch Date: When will renec be launched?

RENEC Coin Launch Date: When will renec be launched?

RENEC Coin Launch Date and When will renec be launched?: Remitano has finallly announced the date for the launch of RENEC Coin. If you’re new to the world of cryptocurrency, you may be wondering when the Renec will be launched?, The good news is that this isn’t something that happens overnight!

There are many steps in the process, and each one can take anywhere from days to months. Here’s what you need to know about how and when the Renec will be launched! – RENEC Coin Launch Date

What is Renec?

Remitano Network Coin is abbreviated as RENEC. It is the Remitano network’s token, a blockchain meant to allow for speedy transactions at a low cost, as well as a fast decentralized exchange with effective escrow.

According to Remitano.com. The Remitano founding team has always maintained the belief and vision that blockchain and cryptocurrencies are a big step forward for society since their inception in 2015 when cryptocurrencies were still relatively new to the community. They continue to ensure that every process stays transparent, swift, secure, and decentralized.

With the desire to apply new capabilities and leverage the latest exciting technology to the Remitano Network and the RENEC in the near future, investors will be able to make transactions between different currencies efficiently and quickly, make inexpensive exchanges, escrow reliably, and perform sophisticated smart contracts. – RENEC Coin Launch Date

Furthermore, because Remitano is always looking for ways to provide the most value to our investors while minimizing risk, we will not be conducting any RENEC offering activities during this time period, and ownership of RENEC will be freely distributed to all users via Mining. Take a look at the details below!

When is renec expected to be launched on mainnet?

After one year of hard work with the mining community’s support, Remitano Network (RENEC) has come to the mainnet launch stage with 3 phases in October 2022.

Therefore, Renec is expected to be launched on mainnet by October 2022.

Stage one:

The launch of the Gensis block is the first phase. October 1, 2022, to the end of October 5, 2022, will be the launch window.

Stage two:

The mainnet stability test phase is stage 2. The development team will carry out the last testing during this stage to make sure the network is working as steadily as possible. This phase is anticipated to span from October 6, 2022, through October 19, 2022, inclusive.

Stage three:

Users can officially use the network to conduct transactions such as depositing or withdrawing RENEC and exchanging RENEC with Remitano’s Swap feature when the mainnet has undergone stability tests. The commencement of Stage 3 is anticipated for October 20, 2022.

Check Out: RENEC Withdrawal: How to withdraw RENEC?

How to get RENEC Coin for Free?

Step 1: Click Here to  Download Remitano app, then open the app, go to the main menu and press the “login/register“ button to register an account.

Step 2: On Android devices: From the main menu, select “Earn RENEC” if you are using an Android device. Next, click the “Verify phone number” button at the top of the page, enter the phone number, and enter the OTP code from the carrier message to complete the level 1 verification.

On iOS devices: From the main menu, select “Remitano Network” then follow the similar instructions for Android devices. – RENEC Coin Launch Date

Renec Coin launch date

The estimated launching date of REMITANO NETWORK is by October 2022.

We shall pause the mining program sometime after the successful launch of the REMITANO NETWORK mainnet and the initial airdrop of RENEC, as soon as we are confident that it’s in the best of the community interest to do so.

The Remitano Network is being developed in phases, which will be provided to users in the near future. After the successful launch of the REMITANO NETWORK mainnet and the first RENEC airdrop, we will suspend the mining program.

That so, you still have a decent possibility of owning a lot of RENEC before then; all you have to do now is start recommending additional friends as soon as possible to assist increase your RENEC referral commission!

What is the maximum amount of RENEC I can earn every day?

After completing account registration and verifying phone number Level 1, each user can mine once per 24 hours. Two criteria affect the amount of RENEC obtained by each user: Friends’ RENEC commissions and your solo mining strength.

• Your mining power is solely yours.
  As a solo miner, your maximum
• mining power is 0.02 RENEC/hour.

– 0.01 RENEC/hour for phone number verification customers (Level 1). Within 24 hours, you will receive 0.24 RENEC.
– In one of two ways, you can double your RENEC mining pace to 0.02 RENEC/hour:

Option 1: Invite at least 5 people to your party (the referees must click mining at least once).
Option 2: Make at least one transaction with one of Remitano’s products: P2P, Swing, and Swap are all options for buying and selling. Here is the first Remitano trading guide.

Earn More commission by Referring your friends to Mine RENEC

For each individual who successfully registers a Remitano account using your referral link, completes at least phone verification (Level 1), and begins mining RENEC, you will receive a referral RENEC commission. Your referral RENEC commission will be 20% of the RENEC mined by your downline.

For example, you refer 400 customers to Remitano, 100 of whom complete document verification, 50 of whom mine RENEC, and 50 of whom complete phone number verification and mine RENEC. So, within 24 hours, you will receive a total of 7.2 RENEC via referrals. The exact formula is (20%) ([50 0.02 24] + [50 0.01 24]).
[alert-note]NOTE: Remitano maintains the right to change how RENEC is supplied to users at any time.[/alert-note]

How Can I Check My RENEC balance?

Select “Dashboard” > “Wallets” from the main menu. You’ll notice that RENEC is listed here, along with its current balance. All of the coins supported by the exchange, including the Remitano Network Coin (RENEC), are held in the Remitano Wallet.

Conclusion

Do you have any complain or questions? Feel free to say it out using the comment box below.

You can also check: Pi Network launch date: When Will Pi be launched?